DC Council Approves Bill Allowing Restaurants and Bars to Impose 20% Service Fees

DC Council approves bill allowing restaurants/bars to add 20% service fees. Aimed at aiding struggling businesses, transparency and worker wages are addressed, though concerns and debate persist.


Hugo Boss Projects Disappointing 2024 Despite Record-Breaking 2023; Shares Take Nosedive

Hugo Boss warned that client demand may decline, sending its shares tumbling 18%. Hugo Boss, a German luxury fashion brand, warned that it may not reach its 2025 sales goal due to deteriorating customer demand.

FDA Warns Ground Cinnamon Sold at Dollar Tree and Family Dollar Contains High Levels of Lead

The US Food and Drug Administration (FDA) on Wednesday warned consumers that ground cinnamon sold by discount stores, including Dollar Tree and Family Dollar, contains high levels of lead.

Ex-Google Software Engineer Charged With Stealing AI Trade Secrets for China-Based Companies

An ex-Google software engineer was charged with stealing AI trade secrets from the company to pass on to two Chinese companies.


Latest News

Experts said Russia has a range of military technologies that it could offer to North Korea in exchange for weapons to sustain its war in Ukraine.
Elon Musk has reacted after a Tesla Cybertruck crashed into the sign of the Beverly Hills Hotel in Los Angeles.
The Dortyol oil terminal on Turkey's Mediterranean coast has stopped accepting Russian imports amid pressure from US sanctions.
Meta is developing an AI system to power its video recommendation engine across all its platforms, including Facebook.
Starbucks' franchisee in the Middle East, Alshaya Group, is implementing significant job cuts at its coffee shops.
Apple has terminated Epic Games' developer account launched in an app store for iPhones in Europe, according to Epic Games CEO Tim Sweeney.
UK Finance Minister Jeremy Hunt plans to eliminate the "non-dom" status in the UK, aiming for a fairer, more competitive global tax system.
Oil prices surged 2% post-Fed Chair Powell's hints at rate cuts. WTI crude reached $79.73/barrel, reflecting monetary policy's impact on commodity markets.
Biden's proposed $8 cap on credit card late fees aims to relieve consumer burden, but the industry warns of potential interest rate hikes and unintended consequences.
The Dutch government has initiated talks with ASML to thwart potential relocation amid concerns over anti-immigration policies, highlighting the Netherlands' economic and regulatory challenges.